MMP Industries Ltd. (MMP) AI Stock Analysis

• Market Cap: ₹6.67B
• Dividend Yield: 0.76%
• Average Volume (3M): 17.08K
• Price to Earnings (P/E): 30.2
• Beta (1Y): 1.57
• Revenue Growth: 23.52%
• EPS Growth: -36.67%
• Country: IN
• Employees: 432
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): -2.13
• Shares Outstanding: 25,402,613
• 10 Day Avg. Volume: 16,142
• 30 Day Avg. Volume: 17,078
• PEG Ratio: 0.77
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 0.98
• P/FCF Ratio: -13.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹281.00
• Price Target Upside: 6.97% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹281.00 ▲(6.97% Upside)

The overall stock score of 58 reflects the company's strong financial performance, tempered by technical and valuation concerns. The financial stability is a positive, but rising leverage and cash flow issues need attention. Technical indicators suggest caution, and the high P/E ratio indicates potential overvaluation. Investors should monitor operational efficiencies and market conditions closely.

MMP Industries Ltd. Business Overview & Revenue Model

Company Description

MMP Industries Limited manufactures and sells aluminum products in India. It operates through Aluminium Powder and Pastes, Aluminium Conductor, and Others segments. The company offers pyro, flake, and atomized aluminum powders primarily for use in various sectors, including construction and mining, agriculture, defense, fire crackers, railways, etc.; aluminum pastes for use in automotive, decorative, and industrial paints; and aluminum conductors used by the power sector. It also provides manganese oxide/dioxide, washers, circlips, and coal products. It also exports its products to countries in Europe, the Middle-East, Africa, and the Asia Pacific. The company was formerly known as Maharashtra Metal Powders Limited and changed its name to MMP Industries Limited in June 2012. MMP Industries Limited was incorporated in 1973 and is based in Nagpur, India.

How the Company Makes Money

MMP Industries Ltd. generates revenue primarily through the production and sale of aluminum products. The company's key revenue streams include the sale of aluminum powders, which are used in diverse applications such as pyrotechnics, paints, and coatings, as well as aluminum pastes and foils catering to industrial and consumer needs. MMP's earnings are significantly influenced by its ability to maintain strong relationships with industrial clients across sectors, and its strategic partnerships with suppliers and distributors help stabilize and expand its market reach. The company's focus on quality and innovation also contributes to its competitive edge, enabling it to maintain a robust revenue model.

MMP Industries Ltd. Financial Statement Overview

Summary

MMP Industries Ltd. shows strong revenue growth and stable profitability, but rising leverage and cash flow challenges present potential risks. Effective management of operational efficiencies and cash flow is essential to maintain financial health.

Income Statement

MMP Industries Ltd. has shown strong revenue growth over the years, with a notable increase from 2021 to 2025. The gross profit and net profit margins have remained relatively stable, indicating consistent profitability. However, the decline in EBIT margin from 2024 to 2025 suggests potential operational inefficiencies or increased costs. Overall, the income statement reflects solid growth and profitability, albeit with some pressure on operating margins.

Balance Sheet

The company has maintained a stable equity base, with stockholders' equity increasing consistently. The debt-to-equity ratio has risen, indicating increased leverage, which could pose a risk if not managed carefully. The equity ratio remains healthy, highlighting a strong asset base supported by equity. Overall, the balance sheet shows financial stability but with a rising leverage trend that needs monitoring.

Cash Flow

Operating cash flow has been positive, but recent periods show a significant drop, affecting free cash flow negatively. The free cash flow to net income ratio has been weak, indicating challenges in converting earnings into cash flow. While financing cash flows have supported the cash flow statement, reliance on financing could be a concern if operational cash generation does not improve. Overall, cash flow management requires attention to ensure sustainable operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.29B	6.92B	5.78B	5.38B	4.48B	2.31B
Gross Profit	1.38B	1.03B	503.07M	811.86M	824.01M	540.96M
EBITDA	621.39M	648.73M	475.61M	358.51M	424.04M	270.47M
Net Income	380.23M	388.75M	316.40M	213.21M	289.86M	174.48M
Balance Sheet
Total Assets	0.00	5.49B	4.35B	3.58B	3.35B	2.72B
Cash, Cash Equivalents and Short-Term Investments	4.20M	109.81M	3.72M	20.45M	2.29M	50.56M
Total Debt	0.00	1.56B	932.24M	575.63M	521.50M	295.05M
Total Liabilities	-3.05B	2.26B	1.46B	1.01B	971.71M	626.96M
Stockholders Equity	3.05B	3.23B	2.89B	2.57B	2.38B	2.09B
Cash Flow
Free Cash Flow	0.00	-495.33M	-8.89M	23.36M	-309.60M	-264.44M
Operating Cash Flow	0.00	24.91M	427.50M	328.33M	189.64M	114.70M
Investing Cash Flow	0.00	-511.31M	-417.35M	-238.40M	-194.88M	-269.88M
Financing Cash Flow	0.00	47.63M	-26.74M	-71.86M	3.59M	-14.25M

MMP Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 262.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MMP, the sentiment is Negative. The current price of 262.7 is below the 20-day moving average (MA) of 275.39, below the 50-day MA of 271.95, and below the 200-day MA of 269.30, indicating a bearish trend. The MACD of -3.24 indicates Positive momentum. The RSI at 41.42 is Neutral, neither overbought nor oversold. The STOCH value of 9.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MMP.

MMP Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KUANTUM	68 Neutral	₹9.38B	10.53	―	2.79%	-11.03%	-43.24%
MAANALU	66 Neutral	₹7.11B	47.89	―	―	-8.44%	-42.87%
MAHASTEEL	62 Neutral	₹9.24B	109.15	―	―	2.99%	45.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MMP	58 Neutral	₹6.67B	30.15	―	0.76%	23.52%	-36.67%
MANORG	57 Neutral	₹4.31B	18.62	―	―	11.14%	309.69%
GOACARBON	47 Neutral	₹4.07B	15.35	―	4.53%	-27.77%	-143.43%